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THE NORTHERN TRUST COMPANY OF SAUDI ARABIA REGULATORY INFORMATION

 
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Financial Reporting

Audited Financial Statements

Pillar III

Board of Directors Report

Authorisation (License) and commencement of business date

The Company operates in the Kingdom of Saudi Arabia under Commercial Registration No. 1010366439 issued on 22/04/1434H (corresponding to 04/03/2013G) by the Saudi Arabian Ministry of Commerce and Industry.

Licensed Securities Business

Custody, Advisory, Investment Fund Management and Discretionary Portfolio Management

Licensed by the Capital Market Authority – License No. 12163-26 – C.R: 1010366439.

Paid-up Capital

Capital of SAR 52 million.

Products and services

Northern Trust Corporation is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals.

The Northern Trust Company of Saudi Arabia provides global custody, asset management and advisory services to clients in the Kingdom of Saudi Arabia.

Direct Controllers

TNTCoSA’s founding shareholders are wholly owned subsidiaries of the Northern Trust Corporation. The Registered office of the company is located in Riyadh.

Direct Controller Ownership and Structure

Organisational Structure

Organisational Structure

Senior Executives

Michael Slater (2005 – Present)
Senior Vice President – Northern Trust

Michael Slater is chief executive of The Northern Trust Company of Saudi Arabia and director of business development for Corporate and Institutional Services in the Middle East. Michael is based in Riyadh and has worked in the Middle East since 1996.

Michael has twenty four years of industry experience within asset servicing. Michael holds a B.S. degree in Economics and Finance from Lipscomb University, Nashville TN.  Michael also holds a certified financial planning certificate from Florida State University.

Effat Saeed Badeeb (2016 – Present)
Vice President – Northern Trust

Ms. Effat Badeeb is Chief Compliance and MLRO of The Northern Trust Company of Saudi Arabia. Effat is based in Riyadh and has worked in compliance since 2006.

Effat has twelve years of industry experience within Compliance and MLRO in Saudi Arabia. Effat holds a Bachelor’s degree in Sociology from the King Abdulaziz University as well as CME 1 & 2 – Advanced Compliance Certificate – Advanced AML Certificate –International Diploma in Compliance with ICA.

Muhammad Amin (July 2013 – Present)
Vice President, Director of Finance

Mr. Muhammad Amin is a Chartered accountant and qualified from Pricewaterhousecoopers. Muhammad has more than 15 years of experience with in the accounting and financial services industry. Muhammad has worked with retail banks, investment banks and asset management firms. Prior to joining The Northern Trust as Director of Finance in July 2013 Muhammad worked for the investment banking arm of Saudi Investment Bank.

Main office address and contacts information

Nakheel Tower, Floor No. 11, King Fahad Road, PO Box 10175, Riyadh 11433, Saudi Arabia.
Telephone: +9 661-1217-1017.

Michael Slater, Senior Vice President
Telephone: +9 665-0694-6567
Email: ms163@ntrs.com.

Client Complaints

Effat Badeeb, Vice President
Telephone: +96611 225 5823
Email: esb5@ntrs.com.

Board Members

 
Dr. Fawaz Al-Alamy

Dr. Fawaz Al-Alamy

Chairman of The Northern Trust Co. of Saudi Arabia (2014 – Present)
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Dr. Fawaz Al-Alamy

Dr. Fawaz Al-Alamy

Chairman of The Northern Trust Co. of Saudi Arabia (2014 – Present)
 

Dr. Fawaz Al-Alamy has a breadth of experience and today is founder and director of a consultancy firm in Riyadh.  Dr. Fawaz is an adviser to Government Agencies and the Private Sector, a member of the International Trade Experts Team, WTO, Geneva and a visiting professor, Trade Law, London City University, UK.

Dr. Fawaz earned his B.Sc, M.Sc and Ph.D in Energy Physics in the United Kingdom.  He further earned his Business Diplomat from Stanford University in 1984.

Michael Slater

Michael Slater

CEO - TNTCoSA (2013 – Present)
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Michael Slater

Michael Slater

CEO - TNTCoSA (2013 – Present)
 
Michael Slater is chief executive of The Northern Trust Company of Saudi Arabia and director of business development for Corporate and Institutional Services in the Middle East. Michael is based in Riyadh and has worked in the Middle East since 1996.

Michael has twenty four years of industry experience within asset servicing. Michael holds a B.S. degree in Economics and Finance from Lipscomb University, Nashville TN.  Michael also holds a certified financial planning certificate from Florida State University.
Robert Frazer

Robert Frazer

Head of UK Institutional Investor Group
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Robert Frazer

Robert Frazer

Head of UK Institutional Investor Group
 

Robert Frazer has more than 25 years of experience in Northern Trust. His experience is around custody and corporate banking industry, having worked extensively both in the UK and overseas. Currently responsible for managing Northern Trust business in the Middle East and Africa having previously managed the UK pension’s business and worked in consultant relations, sales, marketing and the project management of large scale technology programmes.

Mazen Ahmed Al-Jubeir

Mazen Ahmed Al-Jubeir

Board Member (2014 – Present)
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Mazen Ahmed Al-Jubeir

Mazen Ahmed Al-Jubeir

Board Member (2014 – Present)
 

Mazen Al-Jubeir is a private investor based in Riyadh, Saudi Arabia, focused on investing in and actively supporting the development of mid-sized growth companies in Saudi Arabia and the United Arab Emirates. His portfolio companies span a range of industries, including information technology, retail, specialty contracting, real estate development, education, and wholesale distribution.

Mazen earned his M.B.A. with highest distinction from Harvard Business School, where he was designated a George F. Baker Scholar. He earned his A.B. with honors in economics from Harvard College, where he received the John Harvard and Harvard College Scholarships for academic distinction.

Lesley Hodgson

Lesley Hodgson

Board Member (2016 - present)
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Lesley Hodgson

Lesley Hodgson

Board Member (2016 - present)
 
Lesley is Head of Wealth Management, EMEA specialising in the family office sector. Along with her responsibilities, Lesley is the Chairman of Northern Trust Guernsey’s fiduciary company and serves as a Director of the Cayman fiduciary company and is an active member of the Diversity & Inclusion (EMEA) Committee.

Lesley holds an M.A (Hons) in Economics & Accountancy from the University of Dundee and is IMC qualified. She serves on the Board of a number of wealth management client companies.
David C. Wicks

David C. Wicks

Board Member (2013 – Present)
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David C. Wicks

David C. Wicks

Board Member (2013 – Present)
 
David Wicks is based in London and has regional responsibility for Enterprise Operations in Europe, Middle East and Afric.

David is a member of the European Management Committee; Executive Management team for Enterprise Operations and sits on the Bank’s Operating Group. David holds two registrations with the UK Regulator (FCA) – CF29 (Significant Management Function) and CF10a (Client Asset Operational Oversight).